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Werner Enterprises announced Wednesday that it is doubling its intermodal container fleet in Mexico to 800 units by the end of the year. The further deployment of 53-foot containers is expected to give customers better cross-border shipping options.<\/p>\n
The company said it\u2019s focused on adding assets in Monterrey and Silao to start, with additions slated for Mexico City\u00a0in the back half of the year.<\/p>\n
\u201cWe want Mexican businesses to know there is a local, asset-based solution ready for them,\u201d said Bernardo Alexander, Werner\u2019s commercial vice president of Mexico. \u201cWith our long, trusted history in Mexico since 1999, we have the expertise to simplify cross-border shipping.\u201d<\/p>\n
Werner\u2019s (NASDAQ: WERN) intermodal revenue increased 16% last year to approximately $129 million (15% of the company\u2019s total logistics revenue of $857 million). Intermodal loads were up 17%, while revenue per load was flat.<\/p>\n
Its container fleet has GPS location sensors and cargo cameras. It only uses C-TPAT certified carriers for cross-border shipments.<\/p>\n
The company is using the cycle inflection to expand its presence in Mexico. Nearshoring prospects across the country have garnered incremental foreign direct investment. Further, industrywide intermodal conversion opportunities are popping up as fuel prices and truckload rates have surged.<\/p>\n
\u201cBy combining our advanced tracking technology with 24\/7 bilingual support, we are removing the friction from cross-border trade and making the process more efficient than ever,\u201d Alexander said.<\/p>\n
Werner will report first-quarter results after the market closes on Tuesday.<\/p>\n
More FreightWaves articles by Todd Maiden:<\/p>\n
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